Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: zonkie who wrote (3013)	7/24/1999 11:44:00 AM
From: bob sims	Read Replies (2) \| Respond to of 7056

HOW BASHERS WORK. Have any of you noticed any of the following happening. I sure do. How to bash a stock: 1. Be anonymous, of course. 2. Use 10% fact and 90% suggestion in one's posts. Facts give credibility, while suggestion does the "sell". 3. Let others "help" you learn about a stock thereby developing rapport and a support base. 4. Use multiple handles, but develop a unique style for each. 5. Use multiple ISPs. 6. Start each new handle slowly to build acceptance. 7. Occasionally, use two or three handles to "discuss" an issue. 8. Do not show all your cards at once when slamming a stock. It's a war - it's ok to lose a battle as long as you save enough ammo to win the war. 9. Know your enemies - they will end up being your best weapons. 10.Only slam until the tide starts to turn. Let doubt carry the stock back with the tide. 11.Maintain an appearance of being open minded but a slant in either direction is acceptable. 12.Don't appear meek. No one follows the meek. 13.Strike just as your opponent starts to gather momentum but not before or you lose your sting. 14.Don't worry if people peg you for a slammer. The doubt will remain and that's what you are after. 15.If pegged, put up a brief fight, then let them feel they've won. This puts their guard down within a few days and your other handles can take over from there. 16.When slamming a stock, the intent is to minimize its rise, not to create an instant plunge. 17.To slam a stock requires you only to kill the dream not the company. 18.Use questions to invoke critical thinking and use statements to reinforce. 19.You can be liberal in your questions but be specific and precise in your statements. 20.Don't lie. 21.When slamming, encourage research beyond calling the company.You know people are far too lazy and it's only doubt you are after, not confirmation. 22.When slamming, discourage people from taking the company's word - encourage them to seek outside proof. If the company's history is bad, point them there. 23.When slamming, refer to missed deadlines and weak financials and Porn Sites. 24.When slamming, if the price rises, blame it on a temporary mass reaction to a press release rather than real interest in the stock. Point out low volume and emphasize the selling. 25.Pretend to share the same concerns by learning what they want to hear. 26.And above all else, be unpredictable. ------- Anybody recognize these tactics? ;-) *********************************************************************

To: zonkie who wrote (3013)	7/24/1999 11:47:00 AM
From: bob sims	Read Replies (1) \| Respond to of 7056

BILL INTRODUCED TO ATTACK POSTER FRAUD, TO PROTECT SMALL BUSINESS AND INVESTORS. Wednesday June 9, 5:11 pm Eastern Time U.S. senator introduces microcap stocks fraud bill WASHINGTON, June 9 (Reuters) - A key U.S. Senator Wednesday introduced legislation intended to give the Securities and Exchange Commissionnew tools to crack down on fraud perpetrated in thinly-traded, low-priced securities. ''By giving the SEC the tools it needs to combat such fraud, this legislation will benefit not only individual investors, but also the vast majority of legitimate small companies who contribute so much to our country's growth and prosperity,'' said Sen. Susan Collins, a Maine republican. Microcaps are prime targets of scam artists who often will artificially pump up share prices with false statements and then sell them at hefty profits to unsuspecting buyers. Microcaps include penny stocks and generally describe the low-priced securities of companies with market capitalizations of less than $300 million. The bill, known as the Micro-cap Fraud Prevention Act of 1999, will allow the SEC to bring enforcement actions against securities fraud violators on the basis of enforcement actions brought by state securities regulators. ''Unfortunately, as our markets bring benefits to more Americans, they also attract those who would exploit unsuspecting investors through manipulative practices,'' said Collins, chair of the Senate's Permanent Subcommittee on Investigations. The bill, co-sponsored by Sen. Max Cleland, a Georgia Democrat and Sen. Judd Gregg, a New Hampshire Republican, will also help the SEC keep unscrupulous individuals from other financial sectors, such as banking or insurance, out of the securities business. Other provisions include strengthening the SEC's ability to take enforcement actions against repeat violators. Currently the SEC must request that the the U.S. Department of Justice initiate criminal contempt proceedings, which can be a timely process. ''This legislation, if enacted, would give regulators even more tools and weapons to rid the securities industry of this scourge,'' said Peter Hildreth, president of North American Securities Administrator Assn., the umbrella group for state securities regulators. The Securities and Exchange Commission said it endorses the legislation, saying: ''This bill would give us valuable new tools to close of participation in the microcap market by those who would prey on innocent investors.''